Quanta Services (NYSE:PWR) Rating Lowered to "Hold" at Northland Capmk

Quanta Services (NYSE:PWR - Get Free Report) was downgraded by research analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday,Zacks.com reports. Northland Capmk also issued estimates for Quanta Services' Q2 2025 earnings at $2.24 EPS and FY2025 earnings at $9.62 EPS.

Other analysts have also issued reports about the company. Northland Securities lowered Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price target on the stock. in a research note on Wednesday. The Goldman Sachs Group restated a "buy" rating and set a $414.00 price objective (up from $364.00) on shares of Quanta Services in a research report on Wednesday, June 4th. Truist Financial lowered their price objective on Quanta Services from $398.00 to $324.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Evercore ISI raised their price objective on Quanta Services from $331.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded Quanta Services from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $350.95.

Quanta Services Stock Performance

Shares of NYSE PWR traded up $13.10 during trading hours on Wednesday, reaching $386.51. 869,625 shares of the stock were exchanged, compared to its average volume of 1,121,142. The firm has a market capitalization of $57.30 billion, a price-to-earnings ratio of 62.34, a P/E/G ratio of 3.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.26 and a current ratio of 1.31. Quanta Services has a 52 week low of $227.08 and a 52 week high of $387.37. The stock's fifty day simple moving average is $347.47 and its 200 day simple moving average is $308.59.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.88 billion. Quanta Services had a return on equity of 18.06% and a net margin of 3.74%. Quanta Services's quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 EPS. Sell-side analysts predict that Quanta Services will post 9.34 EPS for the current year.

Institutional Investors Weigh In On Quanta Services

Several institutional investors have recently modified their holdings of the stock. Allstate Corp bought a new stake in shares of Quanta Services during the 4th quarter worth approximately $1,357,000. Brighton Jones LLC bought a new stake in shares of Quanta Services during the 4th quarter worth approximately $298,000. Farther Finance Advisors LLC lifted its stake in shares of Quanta Services by 60.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company's stock worth $404,000 after acquiring an additional 588 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Quanta Services by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company's stock worth $17,480,000 after acquiring an additional 2,479 shares during the last quarter. Finally, Objectivity Squared LLC bought a new stake in shares of Quanta Services during the 1st quarter worth approximately $213,000. 90.49% of the stock is owned by institutional investors.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.